PORTLAND—With rising demand and dwindling supply of creative office space in the central city, building owners are moving to deliver some highly attractive space into the market over the next 12 months. One of the buildings likely to be eyed closely by creative tenants, according to sources, due to its storied history and modernist design is 1320 Broadway.

The building was acquired by Seattle-based Urban Renaissance Group and New York City-based Clarion Partners last fall for $14.2 million. Long known as the Oregonian Building because it served as the newspaper’s headquarters from its completion in 1948, the six-story structure was designed by renowned Portland architect Pietro Belluschi.

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